As the founder and CEO of Shutterstock, I am pleased to share that today we filed an S-1 with the Securities and Exchange Commission, a formal document that describes our business and our plans to pursue an initial public offering, or IPO. We would love to be able to answer questions you may have or comment on topics covered in our S-1 filing however we are in what is called a "quiet period." During this time, SEC rules prohibit us from discussing or releasing certain information, including topics related to a potential offering. We appreciate your understanding that we will not be able to respond to related questions posted in the forums or elsewhere.
Our official press release can be found below. Thank you for being a member of the Shutterstock community and for letting us serve you.
Jon Oringer Founder & CEO
Shutterstock Files Registration Statement for Proposed Initial Public Offering
New York – May 14, 2012 – Shutterstock, Inc., a global marketplace for imagery, announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
The bookrunning managers of the proposed transaction will be Morgan Stanley, Deutsche Bank Securities and Jefferies. RBC Capital Markets, Stifel Nicolaus Weisel and William Blair will be acting as co-managers.
When available, a copy of the prospectus for the above offering can be obtained from Morgan Stanley & Co. LLC, Prospectus Department, at 180 Varick Street, 2nd Floor, New York, NY 10014, and by phone at (866) 718-1649 or by emailing email@example.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.